In H1 2013, China's biomaterials industry witnessed a good development momentum. For example, PBS industry attracts many participants in China even though the domestic PBS market is not mature enough. In addition, China has made significant progress in the R&D and commercial application of polyamino acid, with the active efforts of some experts. Besides, the biodegradable plastics industry has seen a rapid development in the past few years.
The dynamics of some companies in the biomaterials industry also showed an active trend in June. For example, a PLA fiber project with a total investment of USD1.3 billion started construction in Nanle County, Henan Province on June 4, 2013. Myriant announced that it successfully commercialized the production of bio-based succinic acid in Lake Providence, Louisiana on June 17, 2013. Tetra Pak announced that it plans to sign an agreement with Braskem for the supply of bio-based LDPE to its packaging material factories in Brazil on June 26, 2013.
As for the raw material, the market price of domestic corn may witness a round of rises from July 2013, but the upward room may be limited.
In May 2013, the import and export volume of PLA decreased in May 2013, and the import volume of dry cassava also decreased. Besides, China's import volume and price of castor oil and its derivatives decreased as well in May 2013.
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